Policy-makers performed a sharp U-turn, switching from “de-stocking” to deflating the resultant bubble. Photo: Reuters

U-turn from policy makers on home prices could bring whiplash

Having encouraged home buying to ‘de-stock’ market beset by housing glut, officials abruptly pull plug as ‘asset bubble’ reminiscent of the stock-market bull run hits leading cities

Topic |   China property

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Policy-makers performed a sharp U-turn, switching from “de-stocking” to deflating the resultant bubble. Photo: Reuters
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